Jul 13, 2017

Medicare trust fund will be insolvent by 2029

Pablo Martinez Monsivais / AP

The Medicare trust fund will be insolvent by 2029, according to the program's trustees, who also report Social Security's combined trust funds will be depleted by 2034, per MarketWatch. The Medicare trust fund is set to be insolvent one year later than was estimated last year, per Modern Healthcare.

What it means: The Independent Payment Advisory Board, proposed by the ACA and known as the "rationing board" by ACA opponents, won't be activated after all, since it was set up to run cuts if there was overspending in Medicare costs. Note: retirees' benefits won't disappear in 2034, since by then there will be enough tax revenue to pay about 75% of the benefits.

Why it matters: Republicans would have had to implement the cuts if the board had been activated. Today's report buys the GOP another year to avoid dealing with it.

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FBI to investigate death of black man after video shows officer kneeling on neck

A man protesting near the area where a Minneapolis Police Department officer allegedly killed George Floyd. Photo: Kerem Yucel/AFP via Getty Images

The FBI will investigate the death of a black man for possible civil rights violations after video emerged of a Minneapolis police officer kneeling on the man's neck for several minutes, ignoring protests that he couldn't breathe, the Minneapolis Star Tribune reports.

The big picture: The man, identified as George Floyd, was being arrested for alleged forgery and appeared to be under the influence of alcohol or drugs, according to a police press conference Monday night. Police say he resisted arrest before suffering from “medical distress."

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 1 p.m. ET: 5,543,439 — Total deaths: 347,836 — Total recoveries — 2,266,394Map.
  2. U.S.: Total confirmed cases as of 1 p.m. ET: 1,669,040 — Total deaths: 98,426 — Total recoveries: 379,157 — Total tested: 14,604,942Map.
  3. Trump administration: Mike Pence's press secretary returns to work after beating coronavirus.
  4. States: New York reports lowest number of new coronavirus deaths since March.
  5. Public health: The final data for remdesivir is in and its benefits are rather limited.
  6. Education: A closer look at how colleges can reopenNotre Dame president says science alone "cannot provide the answer" to reopening.
  7. What should I do? Hydroxychloroquine questions answeredTraveling, asthma, dishes, disinfectants and being contagiousMasks, lending books and self-isolatingExercise, laundry, what counts as soap — Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingHow to minimize your risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it, the right mask to wear.

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Updated 2 hours ago - Politics & Policy

Pentagon watchdog sidelined by Trump resigns

Fine testiying before the Senate Judiciary Committee in 2017. Photo: Drew Angerer/Getty Images

Glenn Fine, the Pentagon's principal deputy inspector general, submitted his resignation on Tuesday.

Why it matters: President Trump removed Fine as the Pentagon's acting inspector general in April 7 after a group of independent federal watchdogs selected him to lead the Pandemic Response Accountability Committee, which was set up to oversee the rollout of the $2 trillion coronavirus relief bill.